NYSE Composite IndexTVC:​NYA

NYA Chart

The NYSE Composite (NYA) has been much weaker than the three main US stock indices.
Today 12/26/26 was the last day of the Full moon widow for a bullish turn.
12/26/18 was also the 58 trading day of the decline since the DJIA 10/3/18 top, matching the 58 trading day decline of the SPX correction in 1998.
The 1998 SPX correction was down 22.4% so far the 2018 SPX ...

While everyone was paying attention to the SPX NDX and DJI, the NYA was showing the early divergence. Following a parallel pattern, the 13th month would be FEB 2019, which corresponds to NOV 2008. Almost every indicator I follow confirms a 3rd wave down. A 5 week average of the advance/decline line which I have been doing by hand for decades is even below the ...

Margin Debt Liquidation, according to the website WolfStreet.com
hit 40 Billion Dollars in the Month of October 2018,
the highest monthly sale of debt since the Lehman Crisis,in November 2008.
If you were asking yourself, WHY DID, the market go down so far,
so fast,look at the massive amount of forced selling.
feeding on each other, as prices continued to drop, ...

IT NOW APPEARS THAT ODDS ARE WE HAVE JUST STARTED WAVE C FROM 12682 WAVE B TOP WHICH WAS .61B RALLY WAS THE PEAK FOR WAVE B OR 2 WHICH WOULD MEAN A CYCLE LOW DUE NEAR 12/4 TO 12/11 FROM OCT 3 PEAK BEST OF TRADES

I am back and back with a nice chart of the New York Average that sports a textbook ZigZag down implying a couple of things. First we should see a rally from current level with any more weakness, if needed, should be limited. Then a 3 waves down is a counter trend move meaning the long term trend is up. Though we might have to be patient. Maybe this Zig Zag is ...

I see that the US market start to collapse
so I think that it will move toward 11800 area
this previous crash the first time I think that it is impossible to recover to uptrend
So I'm bearish in this NYSE composite

The NYA seems to work its way higher in a nice impulse wave that does not seem to be over. At least two more down-up sequences before we get somekind of top. Actually current advance could even subdivide even more driving the bears totally insane. Markets are patterned but labels come after....
Nevertheless, long term we are not in a topping mode as the McClellan ...

In my last post I noted the SPX could be forming an Elliott wave Horizontal Triangle.
There are five sub types of Horizontal Triangles, the type I thought was forming is referred to
as a Running Triangle. In this pattern the wave "B" exceeds the point of origin of wave "A"
***See Figure 1-43 on page 50 of Elliott Wave Principle by Frost and Prechter.
The most ...